Real Estate News
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More choice, flexibility and support ahead for agents, says REA Group
Agents can expect “more choice, more flexibility, more value than ever before” in 2025, with REA Group rolling out a number of product updates and service enhancements in direct response to customer feedback.
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Tariffs, trade and turmoil: how global uncertainty could shake up Australia’s housing market
A trade war might be unfolding on the other side of the globe, but its impact is hitting closer to home. Domain research unpacks how tensions between major global economies are sending ripple effects through Australia’s property landscape.
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Scarlett Johansson and Colin Jost snap up “bargain” Upper East Side penthouse for US$13M
Hollywood actress Scarlett Johansson and comedian Colin Jost have secured a prime piece of New York real estate, buying a grand triplex penthouse at 1220 Park Avenue for US$13 million (AUD $19.7 million).
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Ireland’s global pitch to solve its housing crisis
Ireland made its first official pitch at MIPIM, Europe’s biggest real estate trade show, aiming to attract international capital to help close a €20.4 billion annual housing funding gap.
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Home prices reach record high after February rate cut
National home prices have climbed to a record high in March, continuing their upward momentum following the Reserve Bank's February interest rate cut.
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Diamonds star at real estate event
RE/MAX Australia invited its highest achievers to an exclusive event recently, held at the Calile Hotel in Brisbane.
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Andy Warhol’s former NY townhouse selling for $10.6 Million
A rare piece of pop art history has hit the market, with Andy Warhol’s former Manhattan townhouse listed for $6.95 million (approx. AUD $10.6 million).
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Experts predict RBA to hold cash rate in April
Almost all experts believe the Reserve Bank of Australia will maintain the cash rate at 4.10 per cent in April, despite growing pressure for further cuts to ease mortgage stress.
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Easter-ANZAC holiday period creates prime selling window for vendors
The rare alignment of Easter and ANZAC Day within a single week this year presents an exceptional opportunity for vendors to attract serious buyers.
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Former US Vice President Harris to Headline AREC25
The Australasian Real Estate Conference (AREC) has announced former US Vice President Kamala D. Harris will participate in a moderated conversation at this year’s event, marking her first speaking engagement in Australia. The 27th annual conference, returning to the Gold Coast Convention and Exhibition Centre on May 25-26, will feature 32 speakers under the direction of AREC Founder John McGrath.…
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BizCover among Australia’s best privately managed companies
BizCover has been recognised as one of six top-performing private Australian businesses in Deloitte Australia's 2024 Best Managed Companies awards.
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Kanye West’s former Malibu mansion listed for US$39 million
A beachfront Malibu property once gutted by rapper Kanye West has returned to the market with a US$39 million price tag while still undergoing extensive renovations.
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Co-working spaces are booming and profits are growing
Australia's flexible workspace industry is experiencing strong growth with operators reporting increased revenue, rising profitability, and high confidence levels.
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Hardeep Singh: A decade of dedication in Casey
Hardeep Singh believes success in real estate comes down to three simple principles: concentration, focus, and hard work.
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Federal Budget addresses housing crisis but more action needed
The Albanese Government's pre-election budget has made positive steps toward addressing Australia's housing crisis, though experts suggest that more needs to be done.
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Investor loans spike nationwide as NSW hits record high
Investor loans have jumped 22 per cent across Australia over the past year, more than tripling the growth rate of owner-occupier loans according to a new report.
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Why maintenance at a rental is vital
It may not be your landlords’ favourite topic of conversation, but property maintenance is something that shouldn’t be ignored. EBM RentCover Managing Director Sharon Fox-Slater explains why.
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Expansion sees new headquarters for The Agency Brisbane
The Agency Brisbane has opened its new headquarters in Fortitude Valley, representing a new era for the company.
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Todd McKenney buys $2m Fitzroy warehouse conversion
Stage and screen performer Todd McKenney has made a big lifestyle change, purchasing a $2.035 million warehouse conversion in Melbourne's trendy Fitzroy after selling his Sydney home.
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Extell secures final Fifth Avenue lot for $265M AUD, plans $1.5B tower with Manhattan’s first IKEA
After a decade of strategic acquisitions, real estate heavyweight Extell Development Company has finalised its long-anticipated deal for the final parcel at 576 Fifth Avenue, securing full control of the entire block between West 46th and 47th Streets in Midtown Manhattan.
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Labor expands “Help to Buy” scheme to reach more homebuyers
The federal government will significantly expand its "Help to Buy" shared equity housing scheme in the Federal Budget, raising both income and property price caps to make the program accessible to more Australians.
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NSW ends No-Grounds Evictions: rental reform laws to begin in May
The Minns Labor Government has confirmed that major rental law reforms — including the end of no-grounds evictions — will take effect in New South Wales from 19 May 2025.
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Norway’s oil fund buys 25% stake in London’s Covent Garden for £570 Million
Norway’s sovereign wealth fund, the world’s largest at US$1.8 trillion, has acquired a 25 per cent stake in London’s Covent Garden for £570 million, continuing its expansion into some of the city’s most prestigious real estate.
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The Block winners Mitch & Mark list luxurious beach home
TV renovation stars Mitch and Mark have listed their meticulously transformed home in Sydney's Northern Beaches, marking their first major project since winning The Block.
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Andrew Friebe returns to Harcourts as Queensland CEO
Andrew Friebe has been appointed as the new CEO for Harcourts Queensland, returning to the brand after previously serving in senior roles within the organisation.
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Nine in talks to sell Domain stake to US real estate giant
Media reports have suggested Nine Entertainment has entered negotiations to sell its controlling stake in Domain to US real estate conglomerate CoStar, with a potential price tag significantly higher than CoStar's initial offer.
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Victoria leads Australia’s population growth as housing shortfall looms
New data from the Australian Bureau of Statistics (ABS) shows Australia’s population grew by 484,000 people (1.8%) in the year to September 2024, with Victoria leading the way, adding 147,000 new residents. Oliver Hume Chief Economist Matt Bell warns a housing shortfall will be a “tragedy” for low and middle-income households already struggling with affordability.
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Lagging construction might mean rent will rise in the US
Declining multifamily construction permits could lead to higher rent prices in major metros despite recent rent decreases.
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Sonia Kruger sells Mosman mansion for nearly $20 Million
Gold Logie-winning TV presenter Sonia Kruger and her partner Craig McPherson have sold their stunning Mosman home for just under $20 million.
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